LANCASTER, Pa., Jan. 12, 2011 /PRNewswire/ — Eastern Insurance Holdings, Inc. (“EIHI” or the “Company”) (Nasdaq: EIHI) announced today that its board of directors has increased the repurchase authorization of its issued and outstanding shares of common stock by 1,000,000 shares. The Company expects that shares may be purchased at prevailing market prices through a… [Read more]
Workers' Compensation
Jopari: New California Medical Bill Regulations Require Fast Action
CONCORD, CA—New California electronic medical billing regulations and revised paper medical billing requirements were released January 6th for public comment by California’s Division of Workers Compensation (DWC). The regulations, part of the Division’s 12-point plan to help control medical costs in California’s workers’ compensation system, will be signed into law in approximately 60 days. California… [Read more]
California Workers’ Comp System Inadequate in Replacing Lost Earnings
Permanently disabled workers in California’s workers’ compensation system have historically faced poor return-to-work rates and high levels of lost earnings after a disabling injury, a new study has found. In fact, workers’ compensation benefits, despite imposing high costs on California’s employers, have generally been insufficient to adequately replace these losses… SOURCE:Insurance Journal Read more: California… [Read more]
Illinois House Committee Approves Workers’ Compensation Reforms
Following exceptionally long debate in a crowded committee room, the House Executive Committee voted 8-3 to approve reforms to the Illinois Workers Compensation Act. These reforms originated from several hearings that were held across the state within the last few weeks. The bill will next be considered by the full House. SB 1066, as amended… [Read more]
The e-Billing Transformation: A Jopari Solutions Perspective
By: J.R. “Steve” Stevens, CEO, Jopari Solutions, Inc. and Peter Rousmaniere, Independent Consultant In the field of workers’ compensation, more and more medical providers, payers, regulators and vendors are relying on electronic medical data transmission to save time and money, and to meet the increasing demand for more complete medical information. Beginning in the early 2000s,… [Read more]
AMERISAFE to Acquire Book of Business From Cooperative Mutual
DERIDDER, LA – (PRNewswire-FirstCall) – AMERISAFE, Inc. (Nasdaq: AMSF), a specialty writer of hazardous workers’ compensation insurance, today announced the signing of a letter of intent to acquire the workers’ compensation business of Cooperative Mutual Insurance Company. Effective January 1, 2011, all workers’ compensation policies written by Cooperative Mutual will be assumed by American Interstate Insurance Company, a subsidiary of AMERISAFE, Inc. These policies will be serviced by Cooperative Insurance Agency, a wholly owned subsidiary of Cooperative Mutual.
ISO Selects Financial Call Reporting Application from Pragmatix to Enhance Its wcPrism® Suite of Workers Compensation Services
JERSEY CITY, N.J., November 10, 2010–WorkCompWire– ISO has selected Pragmatix, a leading developer of compliance reporting solutions for the insurance industry, to provide ISO’s wcPrism® customers with services for aggregating and submitting their financial call data to satisfy state regulatory requirements. wcPrism customers will still send all data from their policy administration, claims processing, and… [Read more]
America First Insurance™ Honored for Workers’ Comp. Performance
Arkansas Workers’ Compensation Commission recognizes 100% Compliance Richardson, Texas (November 11, 2010)–WorkCompWire–America First Insurance, a Liberty Mutual Agency Corporation regional company, was recently recognized by the Arkansas Workers’ Compensation Commission (AWCC) for its superior claims handling and injury reporting for this line of business. The AWCC annually grades insurance carriers, self-insurance groups, and third party… [Read more]
NYS Superintendent James J. Wrynn, Ireland Supreme Court Justice Liam McKechnie and Ireland Senator Alex White Address Attendees at AMCOMP Inaurgural Ireland Conference
NEW YORK–(BUSINESS WIRE)–NYS Superintendent James J. Wrynn, Supreme Court Justice Liam McKechnie and Ireland Senator Alex White were on hand to address attendees at The American Society’s of Workers Comp Professionals, Inc. (AMCOMP) Inaugural Ireland conference held on November 1, 2010 at the UCS Michael Smurfit Graduate School of Business & Law in Dublin, Ireland.… [Read more]
Jessica C. Smythe to Address National Workers’ Compensation Conference
CPSC Legal Counsel to Share Expertise on Medicare Set-Asides during SCHIP Summit Panel NORTH READING, Mass., Nov. 10, 2010 /PRNewswire/ — Crowe Paradis Services Corporation (CPSC), one of the nation’s leading Medicare compliance organizations, announced today that Jessica C. Smythe, Legal Counsel, will present at the National Workers’ Compensation and Disability Conference® on November 10th… [Read more]